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Borrowed Funds (Tables)
12 Months Ended
Dec. 31, 2019
Borrowed Funds [Abstract]  
Summary Of Borrowed Funds

December 31,

(in thousands)

2019

2018

Short-term borrowings:

Securities sold under repurchase agreements

$

10,710

$

8,923

Federal Home Loan Bank advances

180,000

380,000

190,710

388,923

Long-term debt:

Federal Home Loan Bank advances

337,472

362,027

$

528,182

$

750,950

Securities Sold Under Repurchase Agreements

(dollars in thousands)

2019

2018

Average daily balance during the year

$

10,466

$

15,790

Average interest rate during the year

0.05

%

1.31

%

Maximum month-end balance during the year

$

13,525

$

18,548

Weighted average interest rate at year-end

0.05

%

0.05

%

Federal Home Loan Advances

(dollars in thousands)

2019

2018

Average daily balance during the year

$

484,319

$

607,797

Average interest rate during the year

2.17

%

2.05

%

Maximum month-end balance during the year

$

782,027

$

742,027

Weighted average interest rate at year-end

2.00

%

2.34

%

Contractual Maturity And Weighted Average Interest Rates On FHLB Advances

Contractual Maturity (dollars in thousands)

Amount

Weighted
Average
Rate

Overnight

$

130,000

1.81

%

2020

132,750

1.87

2021

54,225

1.90

2022

124,817

2.14

2023

55,680

2.54

2024

10,000

1.89

After 2024

10,000

2.12

387,472

2.06

$

517,472

2.00

%